Capital Gains - How to Optimize Real Estate Investments!

May 15, 2024

The recent federal budget announcement indicates a notable adjustment to the capital gains inclusion rate, which has increased from 50% to 66.6%. This change could significantly affect financial planning, particularly regarding the sale of principal residences and secondary properties.

One potential strategy involves selling your principal residence to avoid future capital gains increases on a family cottage, thereby keeping it within the family for future generations. Upon selling your home, you can designate your cottage as your principal residence starting in the year your home is sold. It is advisable to consult with a financial advisor or tax accountant for personalized advice on this matter.

Financial Advisors, Doug and Graham from Rideau Wealth Group - Scotia Wealth Management, shared actionable insights on these crucial changes with Lépine's community.

Capital Gains Screen Shot.png Click here to watch the hightlights.

Exploring New Living Arrangements Rather than relocating to your cottage after selling your house, consider the option of leasing a new, amenity-rich apartment. Lépine Apartments offers luxurious living spaces that combine comfort, convenience, and community. Renting a Lépine apartment allows you to enjoy a maintenance-free lifestyle without sacrificing quality or space.

Many individuals are now choosing to sell their homes to strengthen their financial futures while embracing the ease of apartment living. Lépine Apartments provides a seamless transition to your new residence, with a team ready to assist you throughout the process.

Take the Next Step This is an opportunity to optimize your assets and enhance your living experience. Contact Lépine Apartments today to discover how we can be a part of your smart financial strategy. Explore the benefits of our high-quality, spacious apartments and start planning a more secure and enjoyable future.

Call 1-888-453-7463, or visit a Lépine Apartment today to go on a personalized tour!

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